Hudson Edge Investment Partners Inc. Takes Position in ExlService Holdings, Inc. $EXLS

Hudson Edge Investment Partners Inc. acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the second quarter, Holdings Channel reports. The institutional investor acquired 17,760 shares of the business services provider’s stock, valued at approximately $778,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. acquired a new stake in shares of ExlService in the first quarter valued at approximately $45,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ExlService in the first quarter valued at approximately $77,000. Morse Asset Management Inc raised its holdings in shares of ExlService by 51.8% in the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 575 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of ExlService by 25.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 369 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of ExlService by 35.2% in the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 555 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Price Performance

NASDAQ:EXLS opened at $43.44 on Friday. ExlService Holdings, Inc. has a 1-year low of $38.26 and a 1-year high of $52.43. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $43.23 and a 200 day simple moving average of $44.64. The stock has a market capitalization of $7.02 billion, a PE ratio of 30.17, a P/E/G ratio of 2.00 and a beta of 0.86.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The business had revenue of $514.46 million during the quarter, compared to analysts’ expectations of $504.87 million. During the same period last year, the business earned $0.40 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. On average, research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the completion of the transaction, the insider directly owned 127,046 shares of the company’s stock, valued at $5,559,532.96. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.33.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.